Pirelli Tyre S.p.A. deposits request for admission to listing with Borsa Italiana
PIRELLI TYRE S.P.A IS THE COMPANY CONTROLLING ALL THE TYRE SECTOR ACTIVITIES OF THE PIRELLI GROUP
THE OFFER OF SALE WILL ADDRESS RETAIL INVESTORS IN ITALY, WITH A SIMULTANEOUS PRIVATE PLACEMENT RESERVED FOR ITALIAN AND INTERNATIONAL INSTITUTIONAL INVESTORS
Milan, 10 April 2006 - Pirelli Tyre S.p.A, the company controlling all the activities related to tyre design, development, production and marketing of the Pirelli & C. S.p.A Group, today deposited the request for admission to listing of its ordinary shares with Borsa Italiana, following their Initial Public Offering by Pirelli Tyre Holding, which controls 100% of the Company, and is, in turn, wholly owned by Pirelli & C. S.p.A.
Pirelli Tyre S.p.A is the new name of Pirelli Pneumatici S.p.A for the listing.
The Offering will consist of an Initial Public Offering in Italy and a simultaneous private placement reserved for institutional investors in Italy and abroad. After the Offering, Pirelli Tyre Holding will neverthless retain the majority of shares of Pirelli Tyre S.p.A.